MINDSPACE Stock Overview
Mindspace Business Parks REIT, sponsored by K Raheja Corp group, listed on the Indian bourses in August 2020.
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
Mindspace Business Parks REIT Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹353.01 |
| 52 Week High | ₹365.00 |
| 52 Week Low | ₹296.00 |
| Beta | 0.12 |
| 1 Month Change | 2.58% |
| 3 Month Change | 7.80% |
| 1 Year Change | 11.18% |
| 3 Year Change | 17.87% |
| 5 Year Change | n/a |
| Change since IPO | 16.24% |
Recent News & Updates
Shareholder Returns
| MINDSPACE | IN Office REITs | IN Market | |
|---|---|---|---|
| 7D | 3.2% | 1.6% | 2.6% |
| 1Y | 11.2% | -5.7% | 45.0% |
Return vs Industry: MINDSPACE exceeded the Indian Office REITs industry which returned -4.6% over the past year.
Return vs Market: MINDSPACE underperformed the Indian Market which returned 46.6% over the past year.
Price Volatility
| MINDSPACE volatility | |
|---|---|
| MINDSPACE Average Weekly Movement | 1.9% |
| Office REITs Industry Average Movement | 2.4% |
| Market Average Movement | 6.8% |
| 10% most volatile stocks in IN Market | 10.0% |
| 10% least volatile stocks in IN Market | 4.2% |
Stable Share Price: MINDSPACE has not had significant price volatility in the past 3 months.
Volatility Over Time: MINDSPACE's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2019 | n/a | Ramesh Nair | www.mindspacereit.com |
Mindspace Business Parks REIT, sponsored by K Raheja Corp group, listed on the Indian bourses in August 2020. The REIT owns quality office portfolios located in four key office markets of India, namely Mumbai Region, Pune, Hyderabad, and Chennai, and is one of the largest Grade-A office portfolios in India. The portfolio has a total leasable area of 33.1 msf comprising of 26.2 msf of completed area, 4.4 msf of area under construction and 2.5 msf of future development.
Mindspace Business Parks REIT Fundamentals Summary
| MINDSPACE fundamental statistics | |
|---|---|
| Market cap | ₹209.34b |
| Earnings (TTM) | ₹3.78b |
| Revenue (TTM) | ₹24.13b |
55.5x
P/E Ratio8.7x
P/S RatioIs MINDSPACE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MINDSPACE income statement (TTM) | |
|---|---|
| Revenue | ₹24.13b |
| Cost of Revenue | ₹3.82b |
| Gross Profit | ₹20.31b |
| Other Expenses | ₹16.54b |
| Earnings | ₹3.78b |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
Apr 30, 2024
| Earnings per share (EPS) | 6.37 |
| Gross Margin | 84.17% |
| Net Profit Margin | 15.64% |
| Debt/Equity Ratio | 44.4% |
How did MINDSPACE perform over the long term?
See historical performance and comparison